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Jul 16, 2015
07/15
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senator shelby: ok. should banks through regulation -- like the fed -- be encouraged to reduce systemic risk anywhere they can? chair yellen: well we're certainly trying to put in place a set of incentives that will reduce the systemic footprint and risk of firms. i think higher capital requirements we plan to impose, surcharges, capital surcharges on the most systemic firms and other regulations that will diminish the risks create incentives for their footprints to be reduced in ways that will reduce their systemic risk to the financial system. senator shelby: senator brown. senator brown: thank you, mr. chairman. madam chair, i continue to be concerned, as i know you are, that the economic recovery has not taken hold for all americans. notably, large numbers of women and in communities of color. i know that confirmation bias can be a problem in investing and some might think it's a bit of -- it might exist on capitol hill, too, but i see lots of evidence of underemployment, unemployment, virtually no e
senator shelby: ok. should banks through regulation -- like the fed -- be encouraged to reduce systemic risk anywhere they can? chair yellen: well we're certainly trying to put in place a set of incentives that will reduce the systemic footprint and risk of firms. i think higher capital requirements we plan to impose, surcharges, capital surcharges on the most systemic firms and other regulations that will diminish the risks create incentives for their footprints to be reduced in ways that will...
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Jul 2, 2015
07/15
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this was pre-shelby county. the plaintiffs challenge this on a number of different grounds. i have to say, i was not involved in this case except for assisting with the advocates in the supreme court. but i say the justice breyer went out of his way to give a very liberal reading to the pleadings below, so as to incorporate what he considered to be their true claims of racial gerrymandering, some of the districts and overly relying on race. so much so that he actually had an appendix to his opinion relisted all the pleadings where you can find support for the fact that the plaintiffs really litigated the case in a way that he said they did. justice scalia took integrate task in the dissent for having done so. again, this was a case where the plaintiffs were claiming that alabama should not have applied race in the predominant way that they did, that they overly relied on it, that they misinterpreted section five of the voting rights act which does not require you, they said, to maintain the same racial percentage. this is the first time the civil rights voting rights law has
this was pre-shelby county. the plaintiffs challenge this on a number of different grounds. i have to say, i was not involved in this case except for assisting with the advocates in the supreme court. but i say the justice breyer went out of his way to give a very liberal reading to the pleadings below, so as to incorporate what he considered to be their true claims of racial gerrymandering, some of the districts and overly relying on race. so much so that he actually had an appendix to his...
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Jul 12, 2015
07/15
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CNNW
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one, shelby. she was 8 years old. and shasta was 4. >> where?. >> i was so struck by how she was with her little girls. how she was with the kids. she was just very earthy and very real and easy to talk to. she was really a nice person. >> when she would be taking the kids to the school bus stop, it would be a wave, you know, through the car windows. if shane was with her, there was no eye contact, no waving. so it makes me wonder if there was something going on. ♪ >> if i had known anything about the domestic violence, you know, i definitely would have tried to help her, and i know the community would have rallied around her to help, too. i would have done anything to save her. [ gunshot ] >> you never know when a person can snap. >> sandy was scared. she said, i'm really afraid that he is going to kill us. so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. t
one, shelby. she was 8 years old. and shasta was 4. >> where?. >> i was so struck by how she was with her little girls. how she was with the kids. she was just very earthy and very real and easy to talk to. she was really a nice person. >> when she would be taking the kids to the school bus stop, it would be a wave, you know, through the car windows. if shane was with her, there was no eye contact, no waving. so it makes me wonder if there was something going on. ♪ >>...
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Jul 24, 2015
07/15
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ALJAZAM
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task force is modelling its difficult erghts plan on -- diversion plan on successful programs in shelbynty where recidivism is cut in half. the approach include probation and a possibility of dismissing charges once mental health treatment is completed and involves greater community outreach to the mentally ill to prevent arrest. >> what our task force will do is to link people with services in the community. there'll be a plan to get mental health counselling and never get to the point where they have to be arrested again. >> fast-forward to a roadmap with options. there's a new plan calling for diverting the mentally ill into treatment instead of gaol with mental health training for all law enforcement officers and a network of treatment options for offenders who do not necessarily belong in gaol. >> next - he got his drugs from the f.b.i. a scandal amongst the feds. does it point to a wider circle of failure? >> i was shocked at what i heard. as i heard about what we knew about the facts i was more shocked and concerned. >> friday on "america tonight". road side sheikh downs by the -
task force is modelling its difficult erghts plan on -- diversion plan on successful programs in shelbynty where recidivism is cut in half. the approach include probation and a possibility of dismissing charges once mental health treatment is completed and involves greater community outreach to the mentally ill to prevent arrest. >> what our task force will do is to link people with services in the community. there'll be a plan to get mental health counselling and never get to the point...
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Jul 17, 2015
07/15
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. >> chairman shelby ranking member brown and members of the committee i am pleased to present the federal reserve semiannual monetary policy report to the congress. in my remarks today i will discuss the current economic situation and outlook before turning to monetary policy. since my appearance before this committee in february the economy has made further progress toward the federal reserve objective of maximum employment while inflation continued to run below the level that the federal open market committee judges to be most consistent over the longer run with the federal reserves statutory mandate to promote maximum employment and price stability. in the labor market the unemployment rate stands at 5.3%. slightly below its level at the end of last year and down more than 4.5% points from its 10% peak in late 2009. monthly gains in payroll employment averages $210,000 somewhat less than the $260,000 average but sufficient to bring the increase in employment to more than 12 million jobs. other measures of job market growth are trending in the right direction also. with declines in the
. >> chairman shelby ranking member brown and members of the committee i am pleased to present the federal reserve semiannual monetary policy report to the congress. in my remarks today i will discuss the current economic situation and outlook before turning to monetary policy. since my appearance before this committee in february the economy has made further progress toward the federal reserve objective of maximum employment while inflation continued to run below the level that the...
SFGTV: San Francisco Government Television
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Jul 11, 2015
07/15
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i had heard of marcus shelby and had been in join his work but never had the opportunity to meet him. we were brought together by the equal justice society specifically for this project. we were charged with beginning work. marquez and i spent a lot of time addressing our own position on the death penalty, our experiences with people who had been incarcerated family members, friends of friends. pulling our information. beyond that, we did our own research. to create a picture that resonated with humanity. it is the shape of a house. in this context, it is also small and acts like a cell. i thought that was an interesting play on how these people make these adjustments half to create home. what is home for these people? the home is their cell. people talk a lot about noise -- very noisy in prisons. that is interesting to me. looking at the communication level, the rise of frustration of being caged, wondering, where does redemption fit into the equation here? [singing] i think both of us really believe the death penalty is wrong and is flawed for many reasons. the list is as long as my
i had heard of marcus shelby and had been in join his work but never had the opportunity to meet him. we were brought together by the equal justice society specifically for this project. we were charged with beginning work. marquez and i spent a lot of time addressing our own position on the death penalty, our experiences with people who had been incarcerated family members, friends of friends. pulling our information. beyond that, we did our own research. to create a picture that resonated...
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Jul 20, 2015
07/15
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chair yellen: thank you chairman shelby, ranking member brown and members of the economy. i am pleased to present the monetary report to the congress. i will discuss is the current economic situation before returning to monetary policy. since my appearance before this committee in february, we have made further progress projection of maximum employment. the federal open market judges to be most consistent over the long run with the federal reserve statutory mandate to promote maximum employment and price stability. and the labor market, the unemployment rate now stands at 5.3%. that is slightly below its level at the end of last year, and down more than 4.5 percentage points from it percentage peak in late 2009. meanwhile, monthly gains averaged about 210,000 over the first half of this dear. -- of this year. that is somewhat less of the average seen in 2014, but still sufficient to bring the total increase in employment to more than 12 million jobs. job market health is also trending in the right direction with noticeable decline in the last year. that is in the number of
chair yellen: thank you chairman shelby, ranking member brown and members of the economy. i am pleased to present the monetary report to the congress. i will discuss is the current economic situation before returning to monetary policy. since my appearance before this committee in february, we have made further progress projection of maximum employment. the federal open market judges to be most consistent over the long run with the federal reserve statutory mandate to promote maximum employment...
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Jul 26, 2015
07/15
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host: senator shelby's bill was mentioned. do you agree and can you tell us more about what it would do? guest: i don't agree with the characterization that it would roll back big chunks of dodd-frank. what shelby's staff did is went through the house is of and senate and looked at bills co-sponsored or passed the house or one of the committees with a large majority and i believe there are seven -- i could be off on the number. i think i did a forbes column on this. there are six or seven that passed the house unanimously some by voice consent. they were all like tweaks at the margin margin. one of them is a manufactured lending thing. one is a rural designation thing. there is something like 30-ish different definitions of what a rural geographic location is. so one thing is aimed at fixing that. those are the kinds of things that dominate that bill. there are some bigger things. there was some g.s.e. related stuff that technically doesn't have anything to do with dodd-frank although it would be pretty big. most of them are j
host: senator shelby's bill was mentioned. do you agree and can you tell us more about what it would do? guest: i don't agree with the characterization that it would roll back big chunks of dodd-frank. what shelby's staff did is went through the house is of and senate and looked at bills co-sponsored or passed the house or one of the committees with a large majority and i believe there are seven -- i could be off on the number. i think i did a forbes column on this. there are six or seven that...
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Jul 29, 2015
07/15
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appropriations subcommittee, as well as with convince like senator cochran and senator shelby at the full committee level on this program. but most of all mr. president it's important that we act and act quick l to pass a multiyear surface transportation bill that will create jobs and on which our country can depend. thank you mr. president. i yield the floor. mrs. murray: mr. president? the presiding officer: the senator from washington. mrs. murray: mr. president, i am delighted to join the senator from maine on the floor today to talk about this critical infrastructure program called tiger. she and i have worked together for many years on transportation infrastructure, and i so appreciate her leadership and her tremendous enthusiasm in making sure that our country does the right thing. it's a delight to be here today with her as well as my colleague from rhode island for coming out and talking about a program that we created several years ago that has been so effective. we all know that investing in our nation's infrastructure is a critical part of broad-based and long-term econom
appropriations subcommittee, as well as with convince like senator cochran and senator shelby at the full committee level on this program. but most of all mr. president it's important that we act and act quick l to pass a multiyear surface transportation bill that will create jobs and on which our country can depend. thank you mr. president. i yield the floor. mrs. murray: mr. president? the presiding officer: the senator from washington. mrs. murray: mr. president, i am delighted to join the...
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Jul 16, 2015
07/15
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senator shelby: i agree with you. i don't see any nexus between the dividends coming from members of the federal reserve system, which a lot of small medium size banks and funding the highway transportation system. i think that's a pretty far reach. people look for money everywhere they can get it. that's something that i think we better be working together on. i hope. in another area. the impact of regulation on liquidity, the issue of liquidity in the fixed income market has become a daily topic in the news and in the markets. last month secretary lieu testified in the u.s. house that he does not, and i'm quoting he does not believe that federal regulation is a significant factor contributing to any liquidity issues. interesting. do you think that federal regulation is significant factor impacting market liquidity in any respect? what work has the federal reserve done to determine the impact of regulation on liquidity, if you have in our markets? chair yellen: i would say that we are studying this issue very careful
senator shelby: i agree with you. i don't see any nexus between the dividends coming from members of the federal reserve system, which a lot of small medium size banks and funding the highway transportation system. i think that's a pretty far reach. people look for money everywhere they can get it. that's something that i think we better be working together on. i hope. in another area. the impact of regulation on liquidity, the issue of liquidity in the fixed income market has become a daily...
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Jul 25, 2015
07/15
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host: senator shelby's bill was mentioned. do you agree and can you tell us more about what it would do? guest: i don't agree with the characterization that it would roll back big chunks of dodd-frank. what shelby's staff did is went through the house is of and senate and looked at bills co-sponsored or passed the house or one of the committees with a large majority and i believe there are seven -- i could be off on the number. i think i did a forbes column on this. there are six or seven that passed the house unanimously some by voice consent. they were all like tweaks at the margin margin. one of them is a manufactured lending thing. one is a rural designation thing. there is something like 30-ish different definitions of what a rural geographic location is. so one thing is aimed at fixing that. those are the kinds of things that dominate that bill. there are some bigger things. there was some g.s.e. related stuff that technically doesn't have anything to do with dodd-frank although it would be pretty big. most of them are j
host: senator shelby's bill was mentioned. do you agree and can you tell us more about what it would do? guest: i don't agree with the characterization that it would roll back big chunks of dodd-frank. what shelby's staff did is went through the house is of and senate and looked at bills co-sponsored or passed the house or one of the committees with a large majority and i believe there are seven -- i could be off on the number. i think i did a forbes column on this. there are six or seven that...
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Jul 2, 2015
07/15
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and of course everything accented. >> shelby one and shelby two, what do you think?be with her here this morning. she's here with her wife and connor and collin. let's take a listen to her story. >> we just found out that you lost 130 pounds this year. your wife deserves this. >> yes, she does. she really does. >> so tell me why this is so important. >> she's been through some rough patches and losing all the weight and looks amazing already and let's do something. >> we are going to do something. are you guys excited? >> yes. >> and she's here with her wife, two nephews, connor and collin. one last look at her before and bring out the new judy mitzner. >> oh, my gosh. >> right there. wow. wow. >> okay you guys. take off your blind folds, please. >> wow. wow. >> you look gorgeous. do you want to look? >> oh, my. >> oh, my god. >> can you hear me? a little bit of lipstick on your teeth. other than that you're perfect. tell us about the hair. >> again, notice the fringe around the face that works with her, the slight angling around the face and then what i did she had
and of course everything accented. >> shelby one and shelby two, what do you think?be with her here this morning. she's here with her wife and connor and collin. let's take a listen to her story. >> we just found out that you lost 130 pounds this year. your wife deserves this. >> yes, she does. she really does. >> so tell me why this is so important. >> she's been through some rough patches and losing all the weight and looks amazing already and let's do something....
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Jul 13, 2015
07/15
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MSNBCW
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after shelby v.rt case that took place in 2013 and essentially -- essentially stopped the preclearance formula that was usually used for states like north carolina. after shelby v. holder was passed, then states that usually had to go through a preclearance process with the department of justice no longer had to. a slew of voter suppression lawsuits took place because a slew of voter suppression bills were passed, i colluding in north carolina. house bill 589 was one of the most restrictive voter suppression measures passed across the nation. this case will put house bill 589 on the table and test it under section ii standard as opposed to preclearance standard that took place before shelby v. holder was passed. >> doing away with a week of early voting ending samt day registration and preregistration for some ending the counting out of precinct ballots, all of these things being unconstitutional. we'll continue to follow the story. the jasmine richardson, great to see you. thank you. >>> still ahead
after shelby v.rt case that took place in 2013 and essentially -- essentially stopped the preclearance formula that was usually used for states like north carolina. after shelby v. holder was passed, then states that usually had to go through a preclearance process with the department of justice no longer had to. a slew of voter suppression lawsuits took place because a slew of voter suppression bills were passed, i colluding in north carolina. house bill 589 was one of the most restrictive...
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Jul 4, 2015
07/15
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will await the fate of shelby's banking reform bill. its passage with changes could eliminate costly regulation for d banks with slightly more than $50 billion in assets currently deemed systemically important. watch for more pruning of bank branches. bas are closing more stores than opening them. jpmorgan is among banks aiming to close more this year. that's your second half banking outlook for "nightly busine" i'm kayla tausche. >>> coming up, we've taken a look at expectations for the economy and the markets. but which sectors will shy? >>> the first half of this year was not as strong for home sales as expected. instead, it was a banner half for renting. he diana olick with some answers. hers what to watch for in the housing sector in the second half of this year. it is all about prices. for both buying and renting. home prices are still rising but at a slower pace than this time last year. not the case for rent which is at record highs in some markets as demands far outpace the supply. we're seeing more multifamily construc and del
will await the fate of shelby's banking reform bill. its passage with changes could eliminate costly regulation for d banks with slightly more than $50 billion in assets currently deemed systemically important. watch for more pruning of bank branches. bas are closing more stores than opening them. jpmorgan is among banks aiming to close more this year. that's your second half banking outlook for "nightly busine" i'm kayla tausche. >>> coming up, we've taken a look at...
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Jul 27, 2015
07/15
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i'd be work ing with shelby on consumer protection bureau. jack reed and jud greg would work on the derivative section. i waited for somebody to say who the hell are you to tell us what we're going to do? they went off with pairs with staff. this was too big a job to take on. they made every single one of them significant and worth while contributions to the product you see today. they didn't finish it in every case. they came close. they got to contribute a lot in some cases. in the case of jack lead and jud they couldn't come to closure, but contributed a lot of what is in the bill today as did mark warner and bob corker. they were tremendous in what they contributed. the idea is one i watched having sat on the labor committee for 20 years. he would always ask democrats and republicans to work together on products that were complicated to try to put something together we could all support. it's saddening in a way. i did certain things. we took provisions of the bill, the provisions in the bill deal ing with the congo sam brownback amendment
i'd be work ing with shelby on consumer protection bureau. jack reed and jud greg would work on the derivative section. i waited for somebody to say who the hell are you to tell us what we're going to do? they went off with pairs with staff. this was too big a job to take on. they made every single one of them significant and worth while contributions to the product you see today. they didn't finish it in every case. they came close. they got to contribute a lot in some cases. in the case of...
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Jul 31, 2015
07/15
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ALJAZAM
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he found that a case in the accident that failed, but came upon shelby county.t was being challenged for one of its six boards, a commission within its borders which would eliminate a black seat on the commission. section five was going to prohibit that. section five would allow the justice department to come and black these things. he files suit, it gets to the court and john roberts was very receptive to the democratic, because a young man in the reagan democratic, he had misgivings about the power of the law. >> you just mentioned chief justice john roberts who was presiding when the shelby county alabama case came to the court. in your article you point out that roberts apparently has a long history of i don't wants to opposition to voting rights, but certainly he has been an advocate of color blind application of the law which results in opposition to the voting rights act correct? >> right because he very much like blum said early on, ok, voting rights act has done its job, so he always thought that what the voting rights act did was extreme. i think legal
he found that a case in the accident that failed, but came upon shelby county.t was being challenged for one of its six boards, a commission within its borders which would eliminate a black seat on the commission. section five was going to prohibit that. section five would allow the justice department to come and black these things. he files suit, it gets to the court and john roberts was very receptive to the democratic, because a young man in the reagan democratic, he had misgivings about the...
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Jul 25, 2015
07/15
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paste it and used it as an opportunity to attack his former colleagues on the supreme court in the shelby decision. of course, he is retired and it was kind of preaching to the converted in a way. people do not read books. i wish they did. basic books will not be coming from me again. [laughter] former next book. -- four my next book. the paperback is waiting for you. >> at this point, i would like to speak for the library of congress and encourage people to look for resources here but in other places. newspapers are indexed and available widely by subscription databases and libraries all of the country. if one wants to see what was occurring in newspapers in various parts of the country at different preriods of history, that can be done. but here at the library something that i thought programming this year in february, they ran some documentaries that are part of our collection. as i looked at them, i had no idea that anything like this had ever appeared. at least one of them was an abc affiliate and i was reminded that there was no abc affiliate in alabama during that period of time. j
paste it and used it as an opportunity to attack his former colleagues on the supreme court in the shelby decision. of course, he is retired and it was kind of preaching to the converted in a way. people do not read books. i wish they did. basic books will not be coming from me again. [laughter] former next book. -- four my next book. the paperback is waiting for you. >> at this point, i would like to speak for the library of congress and encourage people to look for resources here but in...
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Jul 22, 2015
07/15
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BLOOMBERG
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richard shelby of alabama says he wants to soft and the rules for regional and midsized banks.licans may add the proposal to an unrelated government spending bill. shall be as chairman of the senate banking committee. earlier, christopher dodd praised to the measure that he co-authored. greater transparency, the consumer protection bureau is doing a very good job. too big to fail is over with. we believe that to either case. have done a good job with this and time will tell. dodd says it is frustrating the rules aren't in place. bill simmonslist is headed to hbo according to the new york times. tv will be the exclusive home for him. his contract begins in october and a talk show will debut in 2016. he is among several recent departures from yes p.m. where 30helped create the 30 for series. alibaba sells chinese shoppers everything from boots to books and medicines. chinese sperm banks offered to pay $800 for their donations. signed up.000 chinese media report the country has more than 50 million infertile couples. those are your top stories at this hour. coming up, the "bloombe
richard shelby of alabama says he wants to soft and the rules for regional and midsized banks.licans may add the proposal to an unrelated government spending bill. shall be as chairman of the senate banking committee. earlier, christopher dodd praised to the measure that he co-authored. greater transparency, the consumer protection bureau is doing a very good job. too big to fail is over with. we believe that to either case. have done a good job with this and time will tell. dodd says it is...
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Jul 29, 2015
07/15
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CSPAN2
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i appreciate chairman shelby's and the majority leader getting it back up to 20%. there's a new program for competitive bus grants, though. it's underfunded $190 million a year. this bill increases the amount of american-made steel and other components that's a good thing. there are -- as i said, with all my criticism of this bill and the way that it was handled by the leadership in this house there are some good things in this bill. i hope the senate will move forward after today with a desire to revive a bipartisan process based on regular order when we address transportation issues. i stand ready to work with my colleagues and both parties to deliver a robust six-year transportation bill. i yield the floor. mr. mcconnell: mr. president? the presiding officer: the majority leader. mr. mcconnell: i ask unanimous consent the senate be in a period of morning business with senators permitted to speak therein for up to ten minutes. the presiding officer: without objection. mr. mcconnell: i ask unanimous consent the senate proceed to executive session for the considera
i appreciate chairman shelby's and the majority leader getting it back up to 20%. there's a new program for competitive bus grants, though. it's underfunded $190 million a year. this bill increases the amount of american-made steel and other components that's a good thing. there are -- as i said, with all my criticism of this bill and the way that it was handled by the leadership in this house there are some good things in this bill. i hope the senate will move forward after today with a desire...
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Jul 25, 2015
07/15
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CSPAN3
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published in 2014 and is available in paperback it was cited by justice ginsburg in her dissent in shelby county versus holger. the decision that has begun to gut the voting rights act and is a sobering reminder that the fight is never over. bill moyers said. you will not find a more compelling story of the men and women who struggled for the right to vote or a more cinematic rendering of the political battles or the long campaign to subvert it. kerry may has written a book that could change this country if every citizen would read it. today he will discuss "bending toward justice" and how the movie "selma" portray the civil rights movement. let's give a warm welcome to dr. gary may. [applause] dr. may: thank you betsy, for that introduction. and to others here who invited me to be with you. more importantly, thanks to you for the work that you do preserving the american past not simply for historians, but for all americans and anyone who loves american history. it is a pleasure for me to be here today. i am not entirely a happy person , and i will explain why. this is probably the most p
published in 2014 and is available in paperback it was cited by justice ginsburg in her dissent in shelby county versus holger. the decision that has begun to gut the voting rights act and is a sobering reminder that the fight is never over. bill moyers said. you will not find a more compelling story of the men and women who struggled for the right to vote or a more cinematic rendering of the political battles or the long campaign to subvert it. kerry may has written a book that could change...
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Jul 22, 2015
07/15
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BLOOMBERG
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richard shelby says he want to soften the role for regional and midsize banks.epublicans may at his proposal to an unrelated government spending bill, which may anger democrats. they say the proposal would weaken protections aimed at preventing another financial crisis. alix: john kasich is outlining his plan for his presidency. he also wants to return u.s. corporate profits from overseas, saying it would be the biggest stimulus program the nation could have. lame duckspair of got together last night on "the daily show." john stuart and president obama. the president joked saying that he would issue an executive order to keep him from leaving the show and also commented on donald trump's head. >> i am sure the republicans are enjoying his dominance. >> anything that make them look less crazy. scarlet: it was the president's seventh appearance on the show. i am sure we will get night after night of farewells. alix: it will be good stuff. those are your top stories. some rough, new findings for presidential hopeful hillary clinton. according to a new poll from qui
richard shelby says he want to soften the role for regional and midsize banks.epublicans may at his proposal to an unrelated government spending bill, which may anger democrats. they say the proposal would weaken protections aimed at preventing another financial crisis. alix: john kasich is outlining his plan for his presidency. he also wants to return u.s. corporate profits from overseas, saying it would be the biggest stimulus program the nation could have. lame duckspair of got together last...
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Jul 16, 2015
07/15
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CNBC
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warren and myself were assigned to work on those particular areas, came to an agreement and senator shelby offered an amendment on the floor that passed 95 votes to make it even stronger if i remember correctly. at least alter it to some degree. certainly make sure it became law. wife's we've had some questions about the living wills, the last round. there was concern on my part and i think a few others that there was regulatory capture taking place that these living wills were pay lacking in substance. yet maybe the fed really wasn't you know putting the pressure on these organizations to deliver as they should. i had a good meeting this week with mr. truillo. the substance of these living wills, and i know you all sent out statements regarding what's happened. they are better than they have been. it's clear these living wills have to be able to resolve an institution under bankruptcy. i wonder if you might speak to that for a moment. >> i agree with you. we worked closely with the fdic in this last round a year ago to set out a clear set of expectations for what we want to see in the cur
warren and myself were assigned to work on those particular areas, came to an agreement and senator shelby offered an amendment on the floor that passed 95 votes to make it even stronger if i remember correctly. at least alter it to some degree. certainly make sure it became law. wife's we've had some questions about the living wills, the last round. there was concern on my part and i think a few others that there was regulatory capture taking place that these living wills were pay lacking in...
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Jul 15, 2015
07/15
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BLOOMBERG
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fault of your own, there is not been a vice .hair for supervision appointed my counterpart, chairman shelby youhe senate, has requested come on a semiannual basis until such a time that the president dean's to fill that position and prudentialthe macro regulatory role of the fed. your written response to our request, to put it politely, was not responsive. leave voluntarily -- will you voluntarily honor our request, and the answer is yes, i will accept yes, and if no, explain. janet yellen: i stand ready to respond to questions from this committee. >> i will take yes for an answer and we will issue those invitations. i want to discuss with you chair yellen, the exit of power 13 clause. be a growingo consensus on both sides of the aisle that dodd-frank notwithstanding its intentions to constrain 13 three did not hit the mark and elizabeth warren has been rather outspoken on the matter and is actually introducing bipartisan legislation on the senate side in this regard. setting aside arguments about whether or not aig bailouts, specifically, was a good thing dodd-frank,ng, post is it your int
fault of your own, there is not been a vice .hair for supervision appointed my counterpart, chairman shelby youhe senate, has requested come on a semiannual basis until such a time that the president dean's to fill that position and prudentialthe macro regulatory role of the fed. your written response to our request, to put it politely, was not responsive. leave voluntarily -- will you voluntarily honor our request, and the answer is yes, i will accept yes, and if no, explain. janet yellen: i...
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Jul 16, 2015
07/15
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so i guess we're -- shelby's beginning his opening statements right now.nd we'll be taking it from the q&a. >> steve leisman, thanks. >>> puerto rico perhaps lurching even closer to default after one of the commonwealth's financing units failed to make a $93 million debt payment. governor, thank you very much for joining us. it is $93 million on an overall debt load of over $74 billion. it is a relatively small amount. is there any chance this is just a really extreme and perhaps risky negotiating tactic or do you believe that even this sum of money is not there? >> actual repayment is due august 4th. so it could be that this is part of the negotiation process. however, the government backed the entity that would have to make the payments has a serious liquidity issue. they have about $140 million due of their own notes august 1st. so again, they are very close to the point where they may not have the liquidity necessary so make payments but actual -- right now it is a technical default, i will call it that way. actual default will be august 4th. >> do you
so i guess we're -- shelby's beginning his opening statements right now.nd we'll be taking it from the q&a. >> steve leisman, thanks. >>> puerto rico perhaps lurching even closer to default after one of the commonwealth's financing units failed to make a $93 million debt payment. governor, thank you very much for joining us. it is $93 million on an overall debt load of over $74 billion. it is a relatively small amount. is there any chance this is just a really extreme and...
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Jul 18, 2015
07/15
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narrator: but will shelby's disregard for personal space... brandon: hey, excuse me.forever home? shannon: i'm carrying her everywhere, so the dog would need to be able to stay away from my feet. brandon: i obviously have a lot of work ahead of me. i'm brandon mcmillan and i've dedicated my life to saving the lonely, unwanted dogs that are living without hope. my mission is to make sure these amazing
narrator: but will shelby's disregard for personal space... brandon: hey, excuse me.forever home? shannon: i'm carrying her everywhere, so the dog would need to be able to stay away from my feet. brandon: i obviously have a lot of work ahead of me. i'm brandon mcmillan and i've dedicated my life to saving the lonely, unwanted dogs that are living without hope. my mission is to make sure these amazing
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Jul 7, 2015
07/15
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>> in the case shelby county, congress isn't paying much attention. they haven't even given it a hearing. >> i told some of the justices about this. i just did an article in texas, the collapse of statutory oversince the clinton impeachment actually. another justice was aware. and i think there is still know about that. and i believe that did get some laughs in the oral arguments. but i don't think they have really internalized how vast is the underperformance. one thing i would add about that, to assist in your question just a little bit. i think the big winner when congress is dysfunctional is the executive branch. we might have seen it in king versus burwell. we have to realize congress is not going to fix it for them. >> i was just wondering if anybody can comment on whether the term tells us anything enduring about statutory construction and the use of legislative history. >> yes. no, i can't say i have read ever single case. there were 76. i have read the main ones. this was not a big term for legislative history. and a lot of the big cases stat
>> in the case shelby county, congress isn't paying much attention. they haven't even given it a hearing. >> i told some of the justices about this. i just did an article in texas, the collapse of statutory oversince the clinton impeachment actually. another justice was aware. and i think there is still know about that. and i believe that did get some laughs in the oral arguments. but i don't think they have really internalized how vast is the underperformance. one thing i would add...
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Jul 16, 2015
07/15
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lending which imposes a one-size-fits-all cookie-cutter regulation on lenders and dealers as senator shelby has stated. cfpb has no jurisdiction over auto dealers but it seems your euro is regulating the relationship between lenders and dealers. my concern however i'm not as concerned about the dealers or the lenders. i'm concerned about the consumers ends south carolina whether it's greenville or charleston who will now have to pay a higher price for their vehicles because of the governments involvement in trying to make things better. director cordray eliminating the ability for lenders and directors to compete for a customer's business will mean the customer the customer ultimately pays a higher interest rate. how do we explain that back at home cfpb's involvement forcing south carolinians to shop for vehicles paying higher interest on their cars and how does that provide greater consumer protection? >> a couple of things. thank you for that question. first of all understand my back round is i come from a strong automotive state. talk to senator portman and senator brown. gm, ford chrysl
lending which imposes a one-size-fits-all cookie-cutter regulation on lenders and dealers as senator shelby has stated. cfpb has no jurisdiction over auto dealers but it seems your euro is regulating the relationship between lenders and dealers. my concern however i'm not as concerned about the dealers or the lenders. i'm concerned about the consumers ends south carolina whether it's greenville or charleston who will now have to pay a higher price for their vehicles because of the governments...
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Jul 30, 2015
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president, to work with chairman inhofe, to work with chairman thune, shelby, and hatch. over the past several months on this highway bill, and i'm very appreciative of our leadership team, particularly that of leader mcconnell and senator cornyn for working to advance it before the authorities expire and the congress adjourns for the august recess. moving forward with a highway bill that invests in our nation's crumbling infrastructure, reduces congestion and increases safety without adding to the national debt will create short-term jobs and long-term economic growth. western states like nevada, which have experienced an unprecedented amount of growth over the past couple of decades, have the most to gain from this highway bill. nevada is one of the fastest-growing states in our nation, adding nearly 850,000 people to that state in the last 15 years. in fact, the silver state was the fastest-growing state in the nation in the decade of the 2000's, experiencing a 35% population increase. this growth, while exciting for the state, has posed, of course, additional constrai
president, to work with chairman inhofe, to work with chairman thune, shelby, and hatch. over the past several months on this highway bill, and i'm very appreciative of our leadership team, particularly that of leader mcconnell and senator cornyn for working to advance it before the authorities expire and the congress adjourns for the august recess. moving forward with a highway bill that invests in our nation's crumbling infrastructure, reduces congestion and increases safety without adding to...
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Jul 12, 2015
07/15
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we knew that something was going to happen once shelby gutted the voting rights act. will happen and north carolina is the first and the worst. we win this case it rechanges the game. so i know that the same proctor leaders are coming i know the unitarian leaders are coming like jim reed from back in the '60s. we're saying come come. if you are concerned about this country and the soul of this country and the soul of democracy, you need to be here because this case is the case. i don't know why north carolina was chosen but we were chosen. and we have to fight in this moment. melissa, i want your reeders to be -- readers to be clear, this is intentional. 70% of african-americans use early voting. even though we represent 22% of the population over 42% utilize our same-day registration. those things are being rolled back or have been ended. this is a direct attack. this is the same thing that was done in post-deconstruction after reconstruction in the 1800s. >> so reverend barber, as you know, i live in winston-salem, north carolina now teaching students, and i will be
we knew that something was going to happen once shelby gutted the voting rights act. will happen and north carolina is the first and the worst. we win this case it rechanges the game. so i know that the same proctor leaders are coming i know the unitarian leaders are coming like jim reed from back in the '60s. we're saying come come. if you are concerned about this country and the soul of this country and the soul of democracy, you need to be here because this case is the case. i don't know why...
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Jul 16, 2015
07/15
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senator shelby offered an amendment on the floor that passed by 95 votes to make it even stronger, if i remember correctly, are at least offered it to some degree, but suddenly major it became law. we have had some questions about as they havells come up with a was a little bit of concern, at least on my part, that there was a little regulatory capture taking place that, really, these living wills were way lacking in substance. yet, maybe the fed really was not, you know, putting the pressure on these organizations to deliver, as they should. i had a good meeting this week and my. tarullo, understanding is the substance of these living wills -- i know you all send out tickets regarding what has happened. i think they are much better than they have been. it is pretty clear that these living wills have to be able to resolve an institution under bankruptcy. i wonder if you might speak to that for a moment? janet: i agree with you. we worked closely with the fdic in this last round a year ago to set out the clear set of want toions for what we see in the current round of submissions. we h
senator shelby offered an amendment on the floor that passed by 95 votes to make it even stronger, if i remember correctly, are at least offered it to some degree, but suddenly major it became law. we have had some questions about as they havells come up with a was a little bit of concern, at least on my part, that there was a little regulatory capture taking place that, really, these living wills were way lacking in substance. yet, maybe the fed really was not, you know, putting the pressure...
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Jul 16, 2015
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brown and i sponsored legislation back in 2012 that actually was more expansive than what was in the shelby bill this time and yet we have these rules that are in place that really make it difficult. you and i talked about the fact that a smaller loan a 20,000-dollar loan a 30 or 40,000-dollar bond the costs associated with doing that up front and up lumping up against some of the regulations we have and i wondered if you might address that and at least address the fact that you understand that's a problem and i'm wondering if we might collectively generate a solution for that. detailed photographs of pluto and its moon over the next hour. >> good afternoon, welcome to the john hopkins university i am here from the office of communication. to set the stage for today's press conference please welcome to the podium associate administrator and science and director from washington, d.c. dr. john grunsfeld. [applause] >> welcome, everyone. it is full auditorium here at the lab. i was worried no one would show up. actually, i wasn't worried at all. anybody get sleep last night? i am not hearing t
brown and i sponsored legislation back in 2012 that actually was more expansive than what was in the shelby bill this time and yet we have these rules that are in place that really make it difficult. you and i talked about the fact that a smaller loan a 20,000-dollar loan a 30 or 40,000-dollar bond the costs associated with doing that up front and up lumping up against some of the regulations we have and i wondered if you might address that and at least address the fact that you understand...
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Jul 27, 2015
07/15
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and the liquidation process, the shelby dodd amendment that passed with 90 votes the first amendment up on the floor of the senate deal ing with legislation and stabbing the stress test, the whole unwinding, if you will that was required in the
and the liquidation process, the shelby dodd amendment that passed with 90 votes the first amendment up on the floor of the senate deal ing with legislation and stabbing the stress test, the whole unwinding, if you will that was required in the
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Jul 17, 2015
07/15
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as senator shelby has already stated, cfpb has no jurisdiction over auto dealers but seems that your bureau is regulating heavily the relationship between lenders anders. dealers. i'm not as concerned about the dealers or lenders. i'm really concerned about the consumers in south carolina whether it's greenville or charleston who will pay a higher price for their vehicles because of the government's involvement in trying to make things better. director, lit itting the ability to compete for customer's business will mean that the customer, simply the customer, ultimately pays a higher interest rate. how do we explain that back at home, cfpb's involvement forces some south carolinians to pay higher interest rates on a car note and how does that provide greater consumer protection? >> yeah. so a couple things. thank you for that question. first of all, just understand my background, too, is i come from a strong automotive state. i talked to senator brown you know gm, ford, chrysler, honda are very significant presence in that city. when i was the ohio state attorney general, we had to d
as senator shelby has already stated, cfpb has no jurisdiction over auto dealers but seems that your bureau is regulating heavily the relationship between lenders anders. dealers. i'm not as concerned about the dealers or lenders. i'm really concerned about the consumers in south carolina whether it's greenville or charleston who will pay a higher price for their vehicles because of the government's involvement in trying to make things better. director, lit itting the ability to compete for...
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Jul 23, 2015
07/15
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that's the case for college student shelby ingle, who came to tri-county health two years ago.come in and they said there was a cost of $400, would you have been able to afford it? >> there's no way. i was working at a papa murphy's making minimum wage. that would have been a month's paycheck almost. >> reporter: nurse keithley is disappointed with the legislature's decision and says her clinic can't afford to offer i.u.d.s without the extra funding. >> i think it's going to be a tough year ahead. especially with our clients who have benefited from the program and are due to have their devices replaced or renewed. when they come in, we're going to have to say "i'm so happy it's worked so well for you, but i'm sorry, we only have these limited options for you now. >> reporter: have you been surprised at the success? >> i was surprised. >> reporter: dr. larry wolk heads the colorado department of public health. he says it's short-sighted for lawmakers to focus on the cost, when they should be looking at the benefits. >> we have data that says young women who have unintended pregn
that's the case for college student shelby ingle, who came to tri-county health two years ago.come in and they said there was a cost of $400, would you have been able to afford it? >> there's no way. i was working at a papa murphy's making minimum wage. that would have been a month's paycheck almost. >> reporter: nurse keithley is disappointed with the legislature's decision and says her clinic can't afford to offer i.u.d.s without the extra funding. >> i think it's going to...
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Jul 12, 2015
07/15
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mother of two wendy cobb is on her way to work in shelby, north carolina. >> i was a couple hours late work so traffic was lighter than usual. >> despite the light traffic, she is blocked by two trucks ahead of her playing a dangerous game. >> one would speed up and the other would slow down. they wouldn't let the other beside them. >> trucks on this stretch of road are supposed to keep in the right lane but the truck in the right lane isn't letting the other truck over. she takes out her iphone to record the logo on the right side of the truck so she can report the dangerous behavior to the company. the other truck has no logo. cobb's own action taking out her phone and filming the scene isn't exactly safe either. but she feels confident she's in control. >> i had the camera here and aimed toward the truck in the lane. but i was still watching the road in front of me. all i intended to do was get the logo on the video. i got more than i bargained for. >> then cobb sees a two by four that had been into the road by the median come flying toward her. >> i saw him hit it and it was like s
mother of two wendy cobb is on her way to work in shelby, north carolina. >> i was a couple hours late work so traffic was lighter than usual. >> despite the light traffic, she is blocked by two trucks ahead of her playing a dangerous game. >> one would speed up and the other would slow down. they wouldn't let the other beside them. >> trucks on this stretch of road are supposed to keep in the right lane but the truck in the right lane isn't letting the other truck over....
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Jul 31, 2015
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. >> yeah. 100%, i think to victoria's last point, the reality of this is the supreme court with shelby v. holder gutted the voting rights act. >> section four, yeah. >> yeah, just proposed in the house that would address the voting rights -- challenges with the voting rights amendment act. we have a republican congress that doesn't want to take this up. why? because it's in their best interests. the bigger tent, right, that this republican party continues to fail to reach is not on their side. so it is in their interests, as victoria mentioned, with the 2000 purge for him to continue purging and for him to continue suppressing or their party to suppress the vote. >> i think it's also in the interests of the democrats that, since this is the case, make this a real issue. >> a hundred percent. >> and be out front. i think also victoria, it's noteworthy, we've got to give credit to governor bush becauan dr. carson because all the republican candidates were invited and they didn't -- only two showed up out of what, 16 candidates. what does that say? >> you know, i give him tremendous credi
. >> yeah. 100%, i think to victoria's last point, the reality of this is the supreme court with shelby v. holder gutted the voting rights act. >> section four, yeah. >> yeah, just proposed in the house that would address the voting rights -- challenges with the voting rights amendment act. we have a republican congress that doesn't want to take this up. why? because it's in their best interests. the bigger tent, right, that this republican party continues to fail to reach is...
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Jul 1, 2015
07/15
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CNBC
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you can say, "meet me at the shelby office." kind of gives it a fun atmosphere. -lemonis: i kind of dig that. -keith: yeah, looks good. lemonis: check this thing t. dean: our crown jewel, as we like to call it. -lemonis: that looks... -dean: pretty bad, huh? lemonis: so, what is that? -a mannequin? -dean: yep. lemonis: i can tell with the way they've installed this car that they've put a lot of thought into the design, the fabrication, and the installation. matt, why are you hanging out back there like you didn't do the work? matt: how are you? [ chuckles ] lemonis: that's awesome. dean: that's our photo op there. who doesn't want to take a picture with a roadster? keith: there we go. lemonis: awesome. dean, i'm gonna be honest with you. i was worried. dean: were you? how you feel now? lemonis: i feel like you get to keep your job. [ laughter ] matt: all right. lemonis: the key to a retail business is building it out in a way that brings the space alive. that's what precise graphix does. that's why i'm excited about it. they make it colorful, they make it excitin
you can say, "meet me at the shelby office." kind of gives it a fun atmosphere. -lemonis: i kind of dig that. -keith: yeah, looks good. lemonis: check this thing t. dean: our crown jewel, as we like to call it. -lemonis: that looks... -dean: pretty bad, huh? lemonis: so, what is that? -a mannequin? -dean: yep. lemonis: i can tell with the way they've installed this car that they've put a lot of thought into the design, the fabrication, and the installation. matt, why are you hanging...